Question

As businesses close and people move away, property values of commercial buildings and of homes have declined. Many of the buildings in Centerville are being abandoned.
1. How will this situation affect the tac base of Centerville?
2. What effects is the situation likely to have on the operating budget?
The mayor calls a meeting of the town council to come up with ways to raise more revenue.
1) What are some options the town council might explore for increasing revenue?
2) Which options might they reject for fear of driving more people out of town or forcing more businesses to close?

Answer 1

1. The situation will decrease the revenue of Centerville
2. The decrease in revenue of Centerville will likely result to cuts on the operating budget of the TAC base.

1. Looking for companies willing to set up establishments such as malls and pair that with different companies looking out to build residential buildings. Developing the tourist spots in the town can also be an option.
2. Increasing taxes and fees for businesses is bad option.